Part A
What is Part A described as by CMS?
Hospital
What is Part B described as by CMS?
Medical
What must you have in order to sign up for an advantage plan?
Parts A and B, MBI#
What is Medicare Supplement also known as?
Meigap
What types of services does Part D offer coverage for?
Prescription drug
How many quarters must one work (and pay taxes) to be entitled to Part A?
40 Quarters
What is the premium for Part B in 2025?
$185/month
What are the 3 main extra benefits that most Advantage plans offer coverage for?
Dental, Hearing, Vision
When can a beneficiary receive a MedSupp with a Guaranteed Issue?
IEP or certain SEPs
What is the MOOP for all Part D plans?
$2,000
What is the Part A Deductible in 2025?
$1,676 per 60 day benefit period
What type of drug coverage does Part B have?
20% Coinsurance on administered drugs?
What is the name and dates of the yearly enrollment period where beneficiaries can review and change their plans?
AEP, 10/15-12/7
What network do MedSupp plan use?
The Medicare Network
Which phase comes after the deductible phase?
The Copay phase.
How many lifetime reserve days does a beneficiary have?
60
What is the late enrollment penalty for Part B?
10% for every 12 months eligible, but did not have coverage.
What is the underwritting to receive an Advantage Plan?
None, you just need an MBI#
What does it mean to be Pre-MACRA?
Part A effective date before 1/1/2020
What is the deductible for Part D?
$590
What is the late enrollment penalty for Part A?
Two times the number of years you were eligible - only if you have to pay a premium.
What are 2 examples of services that Part B covers at full cost?
Annual wellness visit, certain vaccines: Flu, Covid Etc., Screening tests: Mammograms, Colonoscopy.
What is the coverage of Part B drugs on an Advantage Plan?
80/20 Coinsurance
How many MedSupp plans are available in MN?
4
What is the late enrollment penalty for Part D?
1% for every month past eligibility.